Company Overview of Lotte Co., Ltd.
Lotte Co., Ltd. produces and sells sweets, ice creams, and other products. It offers beverages, smoking goods, sundries, dairy products, frozen foods, chocolates, doughnuts, chewing gums, cookies, candies, biscuits, foodstuffs, heavy chemicals, and other gift sweets; owns and operates a baseball team, restaurants and coffee shops, golf courses, a hotel, an indoor theme park, and duty free shops; provides casualty and life insurance agency services, real estate related operations, tourism services, finance options, and magazine publishing services; and manufactures, maintains, services, and rents and leases equipment and fixtures. The company also trades sweets, agricultural and fishery produ...
20-1, Nishi-shinjuku 3-chome
Founded in 1948
Key Executives for Lotte Co., Ltd.
Chairman and Chief Executive Officer
President and Representative Director
Compensation as of Fiscal Year 2015.
Lotte Co., Ltd. Key Developments
CJ Considering Bid For MBK's Controlling Stake In Coway
Oct 12 15
CJ Corporation (KOSE:A001040) said it is considering a bid for MBK Partners' controlling stake in Coway Co., Ltd. (KOSE:A021240), a deal that is expected to be worth more than $2 billion. A CJ Group spokesman said the group is considering the purchase but he declined to comment on a report by the Korea Economic Daily that either food manufacturer CJ Cheiljedang Corporation (KOSE:A097950) or CJ O Shopping Co., Ltd. (KOSDAQ:A035760) would be the bidder. MBK is expected to receive initial expressions of interest from potential bidders on October 15, 2015, and CJ could one of only a few suitors. Lotte Co., Ltd. and GS Holdings Corp. (KOSE:A078930), are not interested this time around, representatives for Lotte and GS told Reuters. The Goldman Sachs Group, Inc. (NYSE:GS) is advising MBK on the sale. The CJ spokesman declined to comment on its advisor. An MBK spokesman declined comment. A Coway spokesman could not be reached for comment.
Hotel Lotte Kicks Off Efforts To Go Public
Aug 20 15
Lotte Co., Ltd. has kicked off efforts to make Hotel LOTTE Co,.ltd. a public company. Lotte Group said on August 19, 2015 that it will send out an RFP to about 10 domestic and foreign securities companies to competitively select its IPO advisers. Hotel Lotte will short-list qualified bidders by the end of August 2015. Final advisers will be selected early September 2015 based on the review of their presentations. An official at Hotel Lotte said after the selection of advisers, a board meeting and a shareholder’s meeting will be held to discuss changing the company’s constitution to prepare for the IPO.
Lotte To Buy Indonesian mall
Jun 16 15
Lotte Co., Ltd. plans to acquire several multimillion-dollar shopping complexes in Indonesia to expand its presence in the country, Korean media outlets reported Tuesday. Lotte Group spokesperson declined to provide further details of the deal or confirm the acquisition, saying "nothing has been decided yet." The 48,000-square-meter complex comprises a seven-floor high-end shopping mall, an office tower, an apartment tower and a five-star hotel operated by Sofitel. The move is in line with the group Chairman Shin Dong-bin's aggressive investment strategy to inject $6.7 billion in the retail, tourism and construction sectors this year, up 31.5% than 2014 budget.
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